|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KAVANAUGH FRANK 3419 VIA LIDO SUITE 470 NEWPORT BEACH, CA 92663 |
X |
/s/ Frank Kavanaugh | 12/29/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Automatic sale pursuant to Ashford Capital's 10b5-1 trading plan. |
(2) | Final automatic sale pursuant to Ashford Capital's 10b5-1 trading plan. All shares subject to Ashford Capital's 10b5-1 trading plan have been sold, and the plan is terminated. |
(3) | With the completion of the 10b5-1 plan, Ashford Capital has assigned ownership of the remaining shares directly to Frank Kavanaugh. |
Remarks: The change in beneficial ownership resulted from an automatic sale pursuant to Ashford Capital's 10b5-1 trading plan. All of the shares that were subject to the terms of Ashford Capital's 10b5-1trading plan have been sold. The remaining 1,398,067 shares of the Company's common stock that were held by Ashford Capital have been distributed to Mr. Kavanaugh who now owns the 2,226,787 shares directly. |